SDP vs. GGLL
SDP (ProShares UltraShort Utilities) and GGLL (Direxion Daily GOOGL Bull 2X Shares) are both Leveraged Equities funds - SDP tracks the Dow Jones U.S. Utilities Index (-200%) while GGLL tracks the Alphabet Inc. Class A (200%). Both are passively managed. Over the past 3 years, SDP returned -21.20%/yr vs 66.42%/yr for GGLL. Their -0.12 correlation means they have often moved in opposite directions in the past. SDP charges 0.95%/yr vs 0.96%/yr for GGLL.
Performance
SDP vs. GGLL - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -9.06% return, which is significantly lower than GGLL's 26.34% return.
SDP
- 1D
- 0.11%
- 1M
- 6.41%
- 6M
- -9.83%
- YTD
- -9.06%
- 1Y
- -8.08%
- 3Y*
- -21.20%
- 5Y*
- -15.97%
- 10Y*
- -20.62%
- ALL TIME*
- -21.26%
GGLL
- 1D
- 9.78%
- 1M
- 5.16%
- 6M
- 5.79%
- YTD
- 26.34%
- 1Y
- 222.06%
- 3Y*
- 66.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 53.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $221.89M | $169.09M | $183.71M | |
| $191.10K | $103.59K | $83.62K |
SDP vs. GGLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -9.06% | -22.59% | -30.11% | 18.95% | 3.62% |
GGLL Direxion Daily GOOGL Bull 2X Shares | 26.34% | 123.07% | 48.88% | 81.20% | -30.35% |
Correlation
The correlation between SDP and GGLL is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.12 |
The correlation between SDP and GGLL shifts across timeframes, from -0.12 (all time) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. GGLL — Risk / Return Rank
SDP
GGLL
SDP vs. GGLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and Direxion Daily GOOGL Bull 2X Shares (GGLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SDP | GGLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.46 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 5.54 | -5.86 |
| Martin ratioReturn relative to average drawdown | -0.52 | 14.84 | -15.37 |
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Drawdowns
SDP vs. GGLL - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than GGLL's maximum drawdown of -52.81%. Use the drawdown chart below to compare losses from any high point for SDP and GGLL.
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Drawdown Indicators
| SDP | GGLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -52.81% | -46.75% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -40.32% | +14.88% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -52.81% | -13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.50% | -18.36% | -81.14% |
Average DrawdownAverage peak-to-trough decline | -82.25% | -15.56% | -66.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.48% | 15.03% | +0.45% |
Volatility
SDP vs. GGLL - Volatility Comparison
The current volatility for ProShares UltraShort Utilities (SDP) is 8.39%, while Direxion Daily GOOGL Bull 2X Shares (GGLL) has a volatility of 28.08%. This indicates that SDP experiences smaller price fluctuations and is considered to be less risky than GGLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | GGLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 28.08% | -19.69% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 50.37% | -26.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.20% | 64.87% | -34.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 57.40% | -22.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 57.40% | -19.76% |
SDP vs. GGLL - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is lower than GGLL's 0.96% expense ratio.
Dividends
SDP vs. GGLL - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.08%, more than GGLL's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 3.90% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
SDP ProShares UltraShort Utilities | 4.08% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Frequently Asked Questions
SDP and GGLL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGLL has higher volatility (28.08%) compared to SDP (8.39%). In terms of maximum drawdown, SDP dropped -99.56% vs GGLL's -52.81%.
On 3-year performance, GGLL leads with 66.42% vs -21.20% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, SDP has been the lower-risk option at 8.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GGLL has performed better with a 66.42% return vs -21.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDP is cheaper with a 0.95% expense ratio, compared with 0.96% for GGLL.
SDP has the higher dividend yield at 4.08%, compared with 3.90% for GGLL.
SDP tracks Dow Jones U.S. Utilities Index (-200%), while GGLL tracks Alphabet Inc. Class A (200%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SDP and 0.96% for GGLL.
GGLL currently has the higher Sharpe Ratio (3.45 vs -0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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